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Federal Reserve Bank of Dallas Dallas, Texas 75265-5906 Notice 99-67 August 24, 1999 ELECTION OF DIRECTORS NOMINATION PROCEDURES To All Member Banks in the Eleventh Federal Reserve District: An election will be conducted under the provisions of Section 4 of the Federal Reserve Act for the positions held by the following directors of this Bank, whose terms expire December 31, 1999: Class A Director — Gayle M. Earls President and Chief Executive Officer TIB The Independent BankersBank Dallas, Texas Class B Director — Dan Angel President Stephen F. Austin State University Nacogdoches, Texas Mr. Earls was elected by banks in Group 1, consisting of banks having capital and surplus of $10,000,000 and over. At the conclusion of his present term, Mr. Earls will have served two full three-year terms and is not eligible for reelection. Mr. Angel was elected by banks in Group 2, consisting of banks having capital and surplus of over $2,500,000 but under $10,000,000. At the conclusion of his present term, Mr. Angel will have served one full three-year term. He has requested that his name not be placed in nomination for reelection. The banks composing Groups 1 and 2 are listed on the following pages. The group in which a member bank will be entitled to vote will be determined by its classification as of the date of this letter, even though its capital and surplus may subsequently change prior to the date of the election. Except in the case of any member banks that are subsidiaries of the same bank holding company,* each bank in Group 1 is permitted to nominate one candidate for Class A Director and each bank in Group 2 is permitted to nominate one candidate for Class B Director. When several banks are subsidiaries of a bank holding company, the nomination form is being sent only to the bank designated to participate in this election; therefore, banks in Groups 1 and 2 that will not participate in this election are being sent this notice, without forms, for their information. The nominations must be made by resolution of the Board of Directors, certified to me and received in my office on or before September 24. A form and return envelope for this purpose are enclosed. On October 6, a list of the candidates (indicating the nominating banks) and a preferential ballot will be mailed to each bank in the voting groups. The ballot must be cast within 15 days after receipt. The polls will open at 9 a.m. on October 13 and close at 2 p.m. on October 28. At that time, the ballot box will be opened at this Bank, the votes counted, and the results of the election announced. The candidates are invited to be present or represented on that occasion. *Section 4 of the Federal Reserve Act reads in part as follows: “...That whenever any member banks within the same Federal Reserve district are subsidiaries of the same bank holding company within the meaning of the Bank Holding Company Act of 1956, participation in any such nomination or election by such member banks, including such bank holding company if it is also a member bank, shall be confined to one of such banks, which may be designated for the purpose by such holding company.” The Board of Governors of the Federal Reserve System has ruled that a holding company affiliate, having one or more subsidiary banks in each of the three groups into which member banks of a Federal Reserve district are divided for the purpose of electing directors, may designate one such bank in each group to participate in the nomination and election of each Class A Director and each Class B Director chosen by the group of which such bank is a member and such member bank so designated may validly participate in such nomination and election. Accordingly, banks in Groups 1 and 2 affected by the foregoing provision of law are requested to take prompt action to have the appropriate bank holding company designate, if it has not already designated, one of such banks to participate in this election. 1 In order to be counted, the ballot must be executed by an officer authorized to cast the vote. Officers so authorized are listed on the following pages. The authority conferred on these officers continues until revoked; they need not be redesignated. Each member bank that has not designated an officer or officers for the purpose of signing the ballot, or any bank that desires to change its designation, should do so by resolution of its Board of Directors and certify the designation to me before the polls close. A form for this purpose will be furnished upon request. If the official signature of the officer or officers authorized to cast the ballot has not been filed with this Federal Reserve Bank, such official signature should be filed before the polls close. While the banks in Group 3 will not vote in this election, this notice is sent to them, without forms, for their information. Group 3 consists of member banks with combined capital and surplus of $2,500,000 and under. Sincerely, Chairman of the Board Enclosures (2) 2 Information Concerning Eligibility for Class A Directorship of a Federal Reserve Bank Section 4 of the Federal Reserve Act, as amended by the Federal Reserve Reform Act of 1977, contains the following provisions: “Class A shall consist of three members, without discrimination on the basis of race, creed, color, sex, or national origin, who shall be chosen by and be representative of the stockholding banks.” “No officer or director of a member bank shall be eligible to serve as a Class A director unless nominated and elected by banks that are members of the same group as the member bank of which he is an officer or director.” “Any person who is an officer or director of more than one member bank shall not be eligible for nomination as a Class A director except by banks in the same group as the bank having the largest aggregate resources of any of those of which such person is an officer or director.” “No Senator or Representative in Congress shall be a member of the Board of Governors of the Federal Reserve System or an officer or a director of a Federal Reserve Bank.” The Board of Governors of the Federal Reserve System has expressed the opinion “…that, to be consistent with the spirit and underlying principles of the Federal Reserve Act, it is inappropriate, as a general rule, for officers and directors of Federal Reserve Banks and Branches to hold partisan political or public office in the service of the United States, or of any state, territory, county, district, political subdivision, or municipality thereof, or to act as members of political party committees.” GROUP 1 Consists of all member banks having capital and surplus of $10,000,000 and over. Banks in this group elect one Class A Director. LOUISIANA Location Minden Name of Bank or Trust Company Minden Bank & Trust Company ................................................. Officers Authorized to Cast Vote President NEW MEXICO Location Las Cruces Name of Bank or Trust Company First Security Bank of Southern New Mexico, National Association ............................................................... Officers Authorized to Cast Vote President, Vice President, Cashier TEXAS Location Abilene Abilene Amarillo Amarillo Amarillo Baytown Bellaire Brenham Name of Bank or Trust Company First National Bank of Abilene .................................................... First State Bank, National Association ....................................... Amarillo National Bank ............................................................... First Bank Southwest, N.A. ........................................................ The First National Bank Amarillo ............................................... Citizens Bank and Trust Company of Baytown, Texas .............. Citizens National Bank of Texas ................................................ Texas National Bank .................................................................. 3 Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier President President Chairman President Chairman, President GROUP 1 — Continued TEXAS Location Dallas Dallas Dallas Dallas Dallas Dallas Dallas Edinburg El Paso El Paso Garland Granbury Henderson Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Hurst Jacksonville Kilgore La Porte Laredo Livingston Lubbock Lubbock Marble Falls McAllen McAllen Nacogdoches Pharr Plainview Plano Richardson San Angelo San Antonio San Antonio San Antonio San Antonio Temple Victoria Victoria Weatherford Weatherford Name of Bank or Trust Company Bank of Texas, National Association ......................................... .......................................................................................... .......................................................................................... Bank One, Texas, National Association ..................................... Inwood National Bank of Dallas ................................................. Northern Trust Bank of Texas N.A. ............................................ Texas Capital Bank, National Association ................................. TIB The Independent BankersBank ........................................... U.S. Trust Company of Texas, National Association ................. First National Bank ..................................................................... Bank of the West ........................................................................ Norwest Bank El Paso, N.A. ...................................................... United Central Bank ................................................................... Community Bank ........................................................................ Citizens National Bank ............................................................... American First National Bank .................................................... Banco Popular, National Association (Texas) ............................ Bank of Tanglewood, National Association ................................ Chase Bank of Texas, National Association .............................. First Bank Texas National Association ...................................... MetroBank, National Association ............................................... Northwest Bank, National Association ....................................... Republic National Bank .............................................................. Southwest Bank of Texas, N.A. ................................................. Texas First National Bank .......................................................... Wells Fargo Bank (Texas), National Association ....................... Woodforest National Bank ......................................................... Surety Bank, National Association ............................................. Austin Bank, Texas National Association .................................. City National Bank of Kilgore ..................................................... Bayshore National Bank of La Porte .......................................... The Laredo National Bank ......................................................... The First National Bank of Livingston ........................................ Plains National Bank .................................................................. .......................................................................................... .......................................................................................... State National Bank of West Texas ........................................... Marble Falls National Bank ........................................................ Inter National Bank .................................................................... Texas State Bank ....................................................................... Commercial Bank of Texas, N.A. ............................................... Lone Star National Bank ............................................................ Hale County State Bank ............................................................. Legacy Bank of Texas ............................................................... Canyon Creek National Bank ..................................................... San Angelo National Bank ......................................................... Broadway National Bank ............................................................ Caminoreal Bank, N.A. .............................................................. The Frost National Bank ............................................................ Norwest Bank Texas, National Association ............................... Extraco Banks, National Association ......................................... Citizens National Bank ............................................................... First Victoria National Bank ........................................................ Texas Bank ................................................................................ Weatherford National Bank ........................................................ 4 Officers Authorized to Cast Vote Tom E. Turner, Chairman; C. Thomas Abbott, President; Jane Colesar, Cashier & Sr. Vice President Chairman President President * President, Chief Executive Officer Chairman, President, Senior Vice President Chairman, President, Vice President, Cashier Chairman President President * Cashier President Chairman, President Chairman, President, Executive Vice President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier Chairman, President President Chairman, President, Vice President, Cashier President Chairman of Executive Committee, President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President President President, Vice President Chairman, President, Vice President, Cashier Alan White, Chairman; John C. Owens, President; DeWayne V. Pierce, Senior Executive Vice President Chairman President Chairman, President, Cashier Chairman, President, Cashier President President, Vice President, Cashier Chairman Chairman, President, Vice President, Cashier President * Chairman, President, Vice President, Cashier Chairman, President and Chief Executive Officer President, Vice President, Cashier President, Vice President, Cashier President President Chairman, President, Vice President, Cashier President Vice President and Cashier Information Concerning Eligibility for Class B Directorship of a Federal Reserve Bank Section 4 of the Federal Reserve Act, as amended by the Federal Reserve Reform Act of 1977, contains the following provisions: “Class B shall consist of three members who shall represent the public and shall be elected without discrimination on the basis of race, creed, color, sex, or national origin, and with due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labor, and consumers.” “No director of Class B shall be an officer, director, or employee of any bank.” “No Senator or Representative in Congress shall be a member of the Board of Governors of the Federal Reserve System or an officer or a director of a Federal Reserve Bank.” The Board of Governors of the Federal Reserve System has expressed the opinion “…that, to be consistent with the spirit and underlying principles of the Federal Reserve Act, it is inappropriate, as a general rule, for officers and directors of Federal Reserve Banks and Branches to hold partisan political or public office in the service of the United States, or of any state, territory, county, district, political subdivision, or municipality thereof, or to act as members of political party committees.” GROUP 2 Consists of all member banks having capital and surplus of over $2,500,000 but under $10,000,000. Banks in this group elect one Class B Director. LOUISIANA Location Bossier City Mansfield Name of Bank or Trust Company Citizens National Bank of Bossier City Louisiana ...................... Progressive National Bank of DeSoto Parish ............................ Officers Authorized to Cast Vote President Chairman, President NEW MEXICO Location Artesia Carlsbad Clovis Las Cruces Las Cruces Name of Bank or Trust Company The First National Bank of Artesia ............................................. The Carlsbad National Bank ...................................................... First National Bank of Clovis ...................................................... Bank of the Rio Grande, National Association ........................... Community First National Bank ................................................. Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier President, Vice President, Cashier President President President TEXAS Location Abilene Abilene Alice Alvin Andrews Arlington Arlington Athens Austin Austin Ballinger Name of Bank or Trust Company Citizens Bank, National Association .......................................... United Bank & Trust ................................................................... First Community Bank, National Association ............................. First National Bank of Alvin ........................................................ The National Bank of Andrews .................................................. Arlington National Bank ............................................................. Northwest National Bank of Arlington ........................................ The First National Bank of Athens ............................................. .......................................................................................... City National Bank ..................................................................... Hartland Bank, National Association .......................................... Ballinger National Bank .............................................................. 5 Officers Authorized to Cast Vote * President Chairman President, Executive Vice President President, Cashier President President, Vice President, Cashier President, Senior Vice President, Vice President, Cashier * President, Cashier President, Executive Vice President GROUP 2 — Continued TEXAS — Continued Location Ballinger Bastrop Bay City Bedford Beeville Bellaire Bellville Borger Bowie Breckenridge Brenham Burleson Cameron Canadian Carthage Childress Cleburne Coleman Corpus Christi Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Decatur Denison Dublin Eagle Pass Eastland El Paso El Paso Euless Fabens Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Freeport Gainesville Galveston Galveston Garland Gatesville Giddings Gilmer Gladewater Gonzales Graham Graham Granbury Granbury Name of Bank or Trust Company The First National Bank of Ballinger .......................................... The First National Bank of Bastrop ............................................ First National Bank of Bay City .................................................. Western American National Bank .............................................. The Commercial National Bank of Beeville ................................ First National Bank of Bellaire .................................................... The First National Bank of Bellville ............................................ First National Bank of Borger ..................................................... The First National Bank of Bowie ............................................... Citizens National Bank of Breckenridge ..................................... The Brenham National Bank ...................................................... First National Bank of Burleson ................................................. The Citizens National Bank of Milam County ............................. First State Bank of Canadian, N.A. ............................................ Panola National Bank ................................................................ Citizens National Bank of Childress ........................................... The First National Bank in Cleburne .......................................... First Coleman National Bank ..................................................... American Bank, N. A. ................................................................. Abrams Centre National Bank ................................................... Brookhollow National Bank ........................................................ Dallas National Bank .................................................................. .......................................................................................... Eagle National Bank .................................................................. First Citizens Bank, National Association .................................. First Mercantile Bank, National Association ............................... Founders National Bank–Skillman ............................................. Gateway National Bank ............................................................. Texas Central Bank, National Association ................................. Texas Community Bank & Trust, N.A. ....................................... United Texas Bank ..................................................................... The First National Bank of Texas ............................................... Landmark Bank, National Association ....................................... First National Bank of Dublin ..................................................... NBC Bank, National Association ................................................ Eastland National Bank .............................................................. Continental National Bank ......................................................... State National Bank ................................................................... Landmark Bank .......................................................................... The First National Bank of Fabens ............................................ Citizens National Bank ............................................................... Fort Worth National Bank ........................................................... Riverbend Bank, National Association ....................................... Summit Community Bank, National Association ........................ Woodhaven National Bank ........................................................ Texas Gulf Bank, National Association ...................................... Guaranty National Bank ............................................................. The Moody National Bank of Galveston .................................... United States National Bank of Galveston ................................. Security Bank, National Association–Garland ........................... National Bank ............................................................................. First National Bank of Giddings ................................................. The First National Bank of Gilmer .............................................. Gladewater National Bank ......................................................... American National Bank ............................................................ First National Bank in Graham ................................................... Graham National Bank ............................................................... .......................................................................................... Heritage National Bank .............................................................. Liberty National Bank ................................................................. 6 Officers Authorized to Cast Vote Chairman, President, Vice President Chairman, President, Vice President, Cashier President James N. McMahon, Chairman and President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President, Vice President, Cashier President President President, Vice President, Cashier Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier * President President President, Vice President Cashier President * President Michaux Nash, Jr., Chairman, President & Chief Executive Officer President President President, Cashier, Assistant Cashier President President James C. Veirs, Chairman/President Chairman, President President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier Chairman Cashier Chairman, President, Vice President, Cashier President President President, Vice President, Cashier President President * President Chairman, President, Vice President, Cashier President, Executive Vice President Chairman, President, Vice President, Cashier President, Vice President Chairman, President, Executive Vice President Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier Chief Executive Officer Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier Jeff Glazner, Chairman and Chief Executive Officer Frank B. Kimmell, President * GROUP 2 — Continued TEXAS — Continued Location Granger Harlingen Highland Village Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Huntsville Hurst Hutto Iowa Park Irving Katy Kerrville Killeen Kingsville Lake Worth Lamesa Lamesa Laredo Laredo Liberty Livingston Lubbock Lubbock Luling McAllen McAllen Mesquite Mexia Midland Midland Mineral Walls Mount Pleasant Muleshoe New Waverly Odessa Ozona Palestine Pampa Pearland Pecos Pecos Plano Port Lavaca Quitman Ralls Refugio Rotan San Antonio San Antonio San Antonio Name of Bank or Trust Company The First State Bank .................................................................. The Harlingen National Bank ..................................................... United Community Bank, N.A. ................................................... Alief Alamo Bank ........................................................................ Asian American National Bank .................................................. Bank of Houston ........................................................................ CompuBank, National Association ............................................. Lone Star Bank, N.A. ................................................................. Omnibank National Association ................................................. Redstone Bank, N. A. ................................................................ Southwest Guaranty Trust Company, National Association ...... Southwestern National Bank ...................................................... The State Bank of Texas ........................................................... Texas Guaranty Bank, National Association .............................. Unity National Bank of Houston ................................................. First National Bank of Huntsville ................................................ Mid-Cities National Bank ............................................................ Texas Heritage Bank ................................................................. State National Bank of Texas .................................................... Independent National Bank ........................................................ Community Bank ........................................................................ Bank of the Hills, National Association ...................................... First National Bank Texas .......................................................... Kleberg First National Bank of Kingsville ................................... Worth National Bank .................................................................. The First National Bank of Lamesa ............................................ The Lamesa National Bank ........................................................ Falcon National Bank ................................................................. South Texas National Bank of Laredo ....................................... The First Liberty National Bank .................................................. First State Bank ......................................................................... Lubbock National Bank .............................................................. Whisperwood National Bank ...................................................... NBC Bank Central, N.A. ............................................................. McAllen National Bank ............................................................... Rio National Bank ...................................................................... Townbank, National Association ................................................ First National Bank of Mexia ...................................................... Community National Bank ......................................................... First National Bank of Midland ................................................... First State Bank of Mineral Wells ............................................... The American National Bank of Mount Pleasant ....................... First Bank of Muleshoe .............................................................. Citizens Bank of Texas, National Association ............................ Western National Bank .............................................................. Crockett National Bank .............................................................. The East Texas National Bank of Palestine ............................... National Bank of Commerce ...................................................... First Community Bank, N.A. ....................................................... The First National Bank of Pecos .............................................. The Security State Bank of Pecos ............................................. First Independent National Bank ................................................ First National Bank in Port Lavaca ............................................. Wood County National Bank ...................................................... Security Bank ............................................................................. The First National Bank of Refugio ............................................ First National Bank ..................................................................... Clear Lake National Bank .......................................................... Intercontinental National Bank ................................................... Mission National Bank ............................................................... 7 Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier President, Vice President, Cashier President Executive Vice President Secretary of the Board President, Vice President, Cashier * President, Cashier Chairman, President, Vice President, Cashier President Chairman * William B. Black, III, Chairman President Chairman (Co-Chairman) Chairman, President, Vice President, Cashier Chairman President, Vice President, Cashier Chairman, President, Vice President, Cashier President Chairman, Vice Chairman, President Cashier Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President, Cashier President, Vice President Chairman, President * Chairman, President, Executive Vice President President Chairman, President, Vice President, Cashier President Chairman/Chief Executive Officer Chairman President, Vice President, Cashier President Chairman, President, Chief Executive Officer President President President President Chairman, President, Vice President, Cashier President, Vice President President President, Vice President * President, Cashier President, Vice President, Cashier President President President Chairman, President, Vice President, Cashier Cashier President * President, Vice President, Cashier * GROUP 2 — Continued TEXAS — Continued Location San Antonio San Antonio Sanger Seguin Seminole Slaton South Padre Island Snyder Sugar Land Sweetwater Sweetwater Terrell Tomball Vernon Waco Waco Waco Wellington Wichita Falls Wichita Falls Wills Point Winnsboro Name of Bank or Trust Company Security National Bank of San Antonio ...................................... The Trust Company, National Association ................................. Sanger Bank .............................................................................. First Commercial Bank, National Association ............................ Seminole National Bank ............................................................. Citizens Bank ............................................................................. .......................................................................................... South Padre Bank, National Association ................................... Snyder National Bank ................................................................ .......................................................................................... Southern National Bank of Texas .............................................. First National Bank, Sweetwater, Texas .................................... Texas National Bank .................................................................. The American National Bank of Texas ...................................... Texas National Bank .................................................................. The Herring National Bank of Vernon ........................................ American Bank National Association ......................................... .......................................................................................... Central National Bank ................................................................ First National Bank of Central Texas ......................................... Wellington State Bank ................................................................ American National Bank ............................................................ First National Bank ..................................................................... Citizens National Bank of Wills Point ......................................... The First National Bank of Winnsboro ....................................... 8 Officers Authorized to Cast Vote President Chairman Charles Fenoglio, Chairman/President President Chairman, President, Vice President, Cashier Chairman, President, Executive Vice President, Senior Vice President President Chairman, President, Executive Vice President, Vice President Chairman, Chief Executive Officer, President President, Executive Vice President Chairman, President Chairman, President, Vice President, Cashier * President, Vice President, Cashier William C. Landiss, President and Chief Executive Officer President, Vice President, Cashier President, Vice President, Cashier President President Chairman, President, Cashier President Chairman, President, Vice President, Cashier Directors of the Federal Reserve Bank of Dallas As of August 24, 1999 Name Occupation Elected by Banks in Group Class Term Expires Dec. 31 Gayle M. Earls ...................... President and Chief Executive Officer, TIB The Independent BankersBank, Dallas, Texas 1 A 1999 Dudley K. Montgomery ......... President and Chief Executive Officer, The Security State Bank of Pecos, Pecos, Texas 2 A 2001 Kirk A. McLaughlin ................ .............................................. .............................................. President and Chief Executive Officer, Security Bank, Ralls, Texas 3 A 2000 1 B 2000 VACANCY ............................ Dan Angel ............................. President, Stephen F. Austin State University, Nacogdoches, Texas 2 B 1999 Julie Spicer England ............. Vice President, Texas Instruments, Dallas, Texas 3 B 2001 .............................................. Roger R. Hemminghaus ....... Chairman ........................ .............................................. .............................................. Chairman of the Board, Ultramar Diamond Shamrock Corp., San Antonio, Texas Appointed by the Board of Governors of the Federal Reserve System C 2001 James A. Martin .................... Deputy Chairman ............ .............................................. .............................................. .............................................. Retired Second General Vice President, International Association of Bridge, Structural, Ornamental, and Reinforcing Iron Workers, Austin, Texas Appointed by the Board of Governors of the Federal Reserve System C 1999 H. B. Zachry, Jr. .................... .............................................. .............................................. .............................................. Chairman and Chief Executive Officer, H. B. Zachry Company, San Antonio, Texas Appointed by the Board of Governors of the Federal Reserve System C 2000
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